Integra Resources Acquires 6,600-Acre Ranch for $12.5M
Integra Resources announced the acquisition of a strategically located 6,600-acre ranch contiguous with the Company's DeLamar Project in Owyhee County, Idaho for a purchase price of $12.5M. The Ranch Acquisition supports the Company's strategy for de-risked and efficient Project advancement by consolidating land ownership surrounding key infrastructure at DeLamar, while concurrently securing significant permitting, environmental, operational, and community-alignment benefits. The Ranch property contains 6,600 deeded acres, along with a large U.S. Bureau of Land Management grazing permit and two Idaho State grazing leases. The past-producing DeLamar Project, which includes the adjacent DeLamar and Florida Mountain gold and silver deposits, is located in Owyhee County in southwest Idaho. Since acquiring the Project in 2017, the Company has demonstrated significant resource growth and conversion while providing robust economic studies in its maiden Preliminary Economic Assessment, Pre-Feasibility Study, and now Feasibility Study, or FS, in late 2025. The FS for DeLamar confirmed robust economics for a low-cost, large-scale, conventional open pit oxide heap leach operation, with competitive operating costs and a high rate of return. The FS outlines total production of 1.1M ounces of gold equivalent, or AuEq, over a 10-year operating mine life, resulting in an average annual production profile of 106,000 ounces AuEq per annum at a co-product mine-site all-in sustaining cost of $1,480 per ounce AuEq. The Project generates an after-tax net present value approximately $774M with an after-tax internal rate of return of 46% at base case gold and silver prices of $3,000/oz and $35/oz, respectively.
